After Shake Shack Inc. registered less-than-expected comparable sales and set disappointing targets for this year, the quick-service restaurant’s stock dropped on Tuesday (Feb. 25) as delivery growth also slowed during a shift to a sole partnership with Grubhub. Shares fell in their largest intraday drop...
Streaming services from companies like Spotify, Apple and Amazon have helped to fuel an increase in sales and profitability for the music industry. Music sales grew over 13 percent in 2019 to reach $11.1 billion, which is the highest in more than a decade, according...
Online marketplace eBay has announced that it’s going to expand its “management of payments” to the United Kingdom, which will mean more payment options for customers, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Mall landlords strike again. In a good way, of course, as alt-VC firm Fifth Wall closes on a $100 million fund to help eCommerce pure plays expand to brick-and-mortar locations, as reported by The Wall Street Journal. The fund’s investors include retail landlords like Acadia...
To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release. Get the Full Story Complete the form to unlock this...
The Palo Alto-based travel tech unicorn TripActions has secured a new, $500 million credit facility to help advance the introduction of its corporate card product, the company announced on Tuesday (Feb. 25). Get the Full Story Complete the form to unlock this article and enjoy...
As the Coronavirus circulates, Temasek Holdings Pte is instituting a company-wide wage freeze and requesting that senior management accept voluntary pay reductions for as long as one year. The Singapore state-owned investment firm has had wage freezes in the past – it implemented similar moves during the...
As Walmart aims to grow profits at its online shopping business and cut discord between units, the retailer is bringing together its store and eCommerce product-buying teams, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In banking, in the jockeying and jousting for consumers’ attention (and deposits, of course), will it be a case of anarchy in the U.K.? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
